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J.P. Morgan Real Estate Income Trust, Inc. (JPMREIT) announced today the acquisition of two logistics warehouse portfolios, totaling $124.2 million, exclusive of closing costs. These transactions reinforce JPMREIT’s commitment to expanding its portfolio with highly functional industrial facilities in dynamic growth markets.

Norfolk ISF Portfolio: On April 10, 2025, JPMREIT acquired a 95% interest in a joint venture with B&D Holdings, a private real estate investment and development firm, for a portfolio of strategically located infill warehouse and industrial service facilities. Comprised of seven assets, six in the Norfolk, VA metro area and one on Florida’s “Space Coast,” the portfolio is 581,000 square feet, and 100% leased, serving 16 tenants. It is well-positioned to benefit from the robust marine, shipping and military industries in Norfolk.

Dallas Infill Portfolio: On May 5, 2025, JPMREIT acquired eight Class-B, shallow-bay warehouses strategically located in key infill areas across the Dallas, TX metro area: three in Brookhollow, three in Valwood, and two in Garland, totaling 453,894 square feet. With a 99% occupancy rate across 15 tenants, these warehouses are well-positioned within the rapidly expanding Dallas-Fort Worth metro area, offering direct or proximate access to major highways to enhance logistical efficiency.